More in News, Manufacturing, Materials, Cell Processing, Modules, Thin-Film, Markets & Finance, Companies, Financial & Legal, Europe, Americas

Meyer Burger warns of delay in securing initial payments from heterojunction start-up

Meyer Burger has previously announced that it expected to recognize the new order intake at the beginning of the fourth quarter of 2019, which was around CHF 100 million (US$101 million). Image: Meyer Burger

Meyer Burger has previously announced that it expected to recognize the new order intake at the beginning of the fourth quarter of 2019, which was around CHF 100 million (US$101 million). Image: Meyer Burger

Leading PV manufacturing equipment supplier Meyer Burger Technology has warned of a delay in receiving the first payments for a major heterojunction order from an unidentified North American start-up that was announced in July 2019.

Meyer Burger has previously announced that it expected to recognize the new order intake at the beginning of the fourth quarter of 2019, which was around CHF 100 million (US$101 million).

However, Meyer Burger said that the North America start-up had yet to secure the financial funding, although confident that the customer would conclude a financing round “in a few weeks at the earliest,” according to a statement.

Tags: meyer burger, c-si manufacturing, a-si thin film, heterojunction solar cell, us

PV HeterojunctionTech

  • Jun 11 - Jun 12, 2020
  • St. Petersburg, Russia
  • PV Tech Event

The first ever event dedicated specifically to solar PV Heterojunction manufacturing and multi-GW production challenges and opportunities. Meet the global community driving Heterojunction to multi-GW status in mass production today in the spectacular setting of St. Petersburg in Russia.

PV HeterojunctionTech

PV CellTech

  • Oct 12 - Oct 13, 2020
  • Penang, Malaysia
  • PV Tech Event

Going into its fifth year over 200 delegates from 150 companies and 20 countries representing the PV supply chain will gather in Malaysia to discuss the technology roadmaps for PV cell advancement in GW markets. The scope of the event has been expanded this year, to cover developments in wafer supply and thin-film investments and technologies alongside all the regular benefits to all stakeholders tracking PV technology and investment trends for the next 5 years.

PV CellTech

PV ModuleTech

  • Oct 14 - Oct 15, 2020
  • Penang, Malaysia
  • PV Tech Event

Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.

PV ModuleTech

Also read...

Comments